Oerlikon, a Swiss technology conglomerate, agreed to acquire Swiss-based AMT, one of the worldwide leading suppliers of high-tech Thermal Spray turn-key systems, core components and spare parts for a vast variety of industrial applications. Financial terms were not disclosed. “As part of Oerlikon, AMT has the financial backing of a large corporation with access to capital to invest in growth, as well as, gaining access to Oerlikon's application development and R&D resources,” states Dr. Alexander Schwenk, CEO of AMT AG.